Horváth books strong growth to hit record €300+ million revenue

03 May 2024 Consultancy.eu

Horváth has outpaced the slowing consulting sector to book revenue growth of 13% last year – helping the German management consultancy hit a next company milestone.

Stuttgart-headquartered Horváth has pulled in 13% more fees in organic fashion to steer its revenue base to well over €300 million. The consulting firm booked growth in all main regions: Europe, the US and the Middle East.

Helmut Ahr, CEO of Horváth, said the firm’s success at a time when many of its large rivals are struggling to navigate a sluggish environment is based on three pillars: people, a unique skillset, and an internationalisation strategy which is making the firm more diverse and resilient to macro-economic cycles.

“The fact that we have grown by a total of 40% over the past two years, which is well above the industry average, is due to the exceptional commitment of our highly motivated teams on a daily basis, and to our highly sought-after transformation expertise and our strong implementation skills,” Ahr said.

The firm has also been expanding its presence to new segments – including interim management – and countries. Horváth today has 19 offices in multiple countries, with its US and Middle East practices seeing steep growth alongside its traditional powerhouse business in Western and Eastern Europe.

The €300 million mark has been a milestone Horváth has been taking about for years in its strategic plan. Next goal is to hit 1,500 employees (now: 1,300), which is expected to be reached sometime in 2025.

“Driven by international business and the high need for transformation, we forecast continued double-digit growth for the 2024/2025 financial year,” said Ahr. “The massive pressure for change in all industries and the associated need for transformation in our clients’ business models is greater than ever before – and it will continue.”

Horváth’s last major milestone was in 2021, when it revamped its brand identity (including shortening its name to Horváth) and surpassed the mark of 50 partners.